How much does an annuity cost?

Products displayed depend on your selected filters, including premium, term length and more. There is no minimum amount required to purchase an annuity, though the national average is $150,000. Fixed annuities guarantee an interest rate for a set number of years, known as the guarantee period.

What is a fixed deferred annuity rate?

The annuity rate is how much you’ll earn during the accumulation phase of a fixed deferred annuity. Fixed annuities have both a current interest rate (that usually resets periodically) and a minimum guaranteed rate (that remains in-force for the life on the contract). The rates of the annuity will be spelled out in the annuity contract.

What is a fixed annuity?

Fixed annuities are a type of annuity that grows over time by paying a guaranteed interest rate. When you sign up, you pick how many years you want the fixed annuity to last, typically between three to 10 years. The insurance company then guarantees to pay you the annuity interest rate over this period.